Lightshare Behavioral Wellness & Recovery Inc

Analysis

Lightshare Behavioral Wellness & Recovery Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in April 1983, 43 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lightshare Behavioral Wellness & Recovery Inc reported income of $25.4m and spending of $23.5m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.6m to $25.4m (+139%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 117%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lightshare Behavioral Wellness & Recovery Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Counseling & Recovery Services of Oklahoma Inc ($25.4m), Presbyterian Homes Bloomington Care Center Inc ($25.4m) and Holmes County Hospital Corp ($25.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $14.1m. At year end it held assets of $21.1m against liabilities of $3.5m, net assets of $17.7m. It reported 368 employees.